Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
Westland Milk Products chief executive Toni Brendish has been keeping her promise to get the company back on its feet after a couple of troubled financial years.
West Coast farmers are hailing Westland Milk’s opening payout forecast range of $6.40 - $6.80/kgMS for the new season as good news and a sign that WMP is back on track.
The revenue range/kgMS of New Zealand’s dairy companies is remarkably wide -- from Tatua’s $18.58 to Fonterra’s commodity return of $5.81 -- says a new report on the dairy industry.
Open Country Dairy (OCD) is the benchmark commodity processor and Tatua the benchmark value-added processor, says TDB Advisory.
Long-life (UHT) cream produced by Westland Milk Products has earned high praise from a delegation of Chinese chefs, the co-op says.
Mention the words Westland Milk Products and eyebrows are raised and furrows appear on the face. Some say it’s a basket case, others in the know believe it is quite fixable. Time will tell.
While Westland Milk Products suppliers and staff struggle through a tough season, milk processing goes on.
When she arrived at Westland Milk Products (WMP), newly installed chief executive Toni Brendish was surprised at the level of ‘transformation’ required to get the dairy co-op back on its feet.
A major Westland Milk Products strategy is to increase the amount of value added products versus commodity milk powder.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.